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Grant

Paypal Co-founder Gives $100K to College Dropouts

If you’re looking for a reason to drop out of college, then you may want to look to Peter Thiel. The co-founder of Paypal, and Facebook investor, is convincing some bright, young adults not to go to college. He gave out a $100,000 grant to 24 college-age entrepreneurs to pursue their business ventures.

“It’s good for some people, maybe most people to stay in school, but it is not good for everybody,” Thiel said. “There are people who are inventors, who are entrepreneurs for whom staying in school is not the right thing. And a lot of these ideas there’s a certain right time and place for when they should be built. And if people have a passionate, great idea that is going to change the world, they should get started on it right away.”

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Race to the Top Awards $3.4 Billion in Grants

race-to-the-topAll of America has been anxiously awaiting the U.S. Education Department’s announcement regarding the winners of the second and final round of the Race to the Top competition.

Thirty-five states and Washington D.C. all submitted applications that were then narrowed down to 19 finalists a couple of months ago.

CNN.com released the news via twitter that the District of Columbia, Florida, Georgia, Hawaii, Maryland, Massachusetts, New York, North Carolina, Ohio and Rhode Island are the lucky recipients of the contest prize. Read the rest of this entry »





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